Implementation Of Textile Policy Is Priority Of Govt
Muhammad Rameez Published May 25, 2017 | 01:10 PM
ISLAMABAD, (UrduPoint / Pakistan Point News - 25th May, 2017 ) :The government is working to implement the textile policy 2014-15 on priority in its true spirit and for maximum benefit of the industrial sector.
Ministry of Textile through implementation of the policy will provide incentives worth Rs 162 billion for the modernization and development of textile sector, a senior official of Ministry of Textile told APP here.
"Textile sector will get Rs 162 billion out of the Rs 180 billion "Trade Enhancement Package" announced by Prime Minister Muhammad Nawaz Sharif." The package is for a duration of 18 months starting from January 2017 to June 2018.
The government had given relaxation on the import of textile machinery to enhance the capacity of the textile sector, he added.
The official said that through this package cost of doing business would decrease which would lead to further boost in business activities.
Replying to a question, he said, "We introduced 16 new varieties for cotton." He said the Ministry had started a training programme for cotton growers to help them control pest and better manage crops. About 5,000 progressive farmers and workers of field extension sections of the provincial agriculture departments were initially trained to control pest and manage crops, he added.
Related Topics
Recent Stories
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 28 April 2024
Today Gold Rate in Pakistan 28 April 2024
Fresh wave of rainfall in AJK continues for the second consecutive day
Babar, bowlers help Pakistan level series 2-2 against New Zealand
Attack in restive Chilean province leaves three police officers dead
PM, Saudi Royal court advisor discuss ways to boost economic ties
England clinch third successive Women's Six Nations Grand Slam
DC Bahawalnagar leads fight for fair bread prices
Sheffield Utd relegated from Premier League
02 proclaimed offenders arrested by Wah Police
Pakistan level T20I series with nine-run victory over New Zealand
Minister meets Chinese Consul General, discusses bilateral cooperation, Chinese ..
More Stories From Business
-
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 28 April 2024
48 minutes ago -
Today Gold Rate in Pakistan 28 April 2024
1 hour ago -
Cotton to be sown on 4m acres this year
12 hours ago -
China innovation driving global cooperation: international auto experts hail Chinese technology
13 hours ago -
Chinese market as key to electrification: Global auto giant executives
13 hours ago -
KP desires to seek gems’ sector accreditation from Thailand: SACM
14 hours ago
-
LCCI urges PM to halt implementation of SRO 350(I)/2024
17 hours ago -
Business community demands reduction in interest rate
15 hours ago -
Ethiopian envoy urges Pakistani banks to open branches in Addis Ababa
18 hours ago -
Govt's wheat procurement target increased upto 1.8 metric tons
18 hours ago -
SECP grants license to ever first Study Now Pay Later digital platform
18 hours ago -
Minister condemns unilateral urea fertilizer price hike
19 hours ago